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How can you make a blanket statement without knowing the percentage we are talking about?
The main reason I want a flat tax rate is so the poor stop stealing from the wealthy's hard work. Please don't spout propaganda like this. Your ideas will drive the people and companies that actually create jobs to other countries. Why do you want the bottom 95% to get a free ride? Why can't they just work harder to make more money?
The % does not make a difference.
You still would be paying ALL the costs.
Just think of what gas would cost!!! IMO, over $200 a gallon.
So you would pay all the costs on a loaf of bread???
From the land to grow the wheat to the seed...
All the harvest, the storage...
All the costs at the bakery....
All the fuel + all the costs of the trucking...
All the costs of the wrapper and wrapping...
All the storage...
All the costs for the store to handle and sell you the bread???
All the cost of the cart to take the bread to you car + the bag it is in?
You are NOT paying all this now.
These are write offs.
No write offs, for anybody. One flat rate. Tax code leads to abuse when you have "write offs" and "deductions".
One flat percentage, comes out of your check every week. Pays for the governments goods and services, everyone pays the same rate. Lowers the rate because you don't have all of the tax lawyers, and auditors going through line by line your returns.
And I'm not saying you tax bread, or storage, or anything like that. Income, tax the income, one flat percentage, for every American.
No write offs, for anybody. One flat rate. Tax code leads to abuse when you have "write offs" and "deductions".
One flat percentage, comes out of your check every week. Pays for the governments goods and services, everyone pays the same rate. Lowers the rate because you don't have all of the tax lawyers, and auditors going through line by line your returns.
And I'm not saying you tax bread, or storage, or anything like that. Income, tax the income, one flat percentage, for every American.
Still all the costs would be passed on to the consumer.
hnsq - I am not spouting anyone's propaganda. I am presenting a tax proposal that I consider economically beneficial as well as fair. This high deductable would eliminate income taxes on the working and lower middle classes that actually produce the wealth of America and place the burden of operation the government on the upper 5% that manipulate the wealth created by the workers for the benefit of the owners. Many of the owner class do not work at all and never have.
I believe my tax proposal to be a fair system that actually rewards hard work and productivity and returns the cost of government to the people that own, but do not work foor, the production. I will NOT stop proposing this system.
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Just to drill a average oil well is about one million dollars a day.
When you figure in dry holes and bad luck....that would be passed onto YOU.
Now it is a write off.
When a business write off costs of doing business, that keeps prices low.
And remember businesses are consumers too.
Those costs would end up on your tab.
But today's system is not sustainable...and I do believe those prices SHOULD be passed to the consumer. Businesses that are not viable on their own merit should not be in operation.
Quote:
Originally Posted by GregW
hnsq - I am not spouting anyone's propaganda. I am presenting a tax proposal that I consider economically beneficial as well as fair. This high deductable would eliminate income taxes on the working and lower middle classes that actually produce the wealth of America and place the burden of operation the government on the upper 5% that manipulate the wealth created by the workers for the benefit of the owners. Many of the owner class do not work at all and never have.
What do you mean?? The wealthy already pay the majority of taxes in this country. It is the lowest incomes that pay no taxes. The owner class 'do not work at all and never have?' What world do you live in? The people I know who are wealthy work 80+ hour weeks. The wealthy did not come from nowhere. It came though hard work. The wealthy work harder than poorer people who expect to work a 40 hour week and somehow get rich.
Maybe if the bottom 95% worked as hard as the upper 5%, they wouldn't be in the bottom % of income.
But today's system is not sustainable...and I do believe those prices SHOULD be passed to the consumer. Businesses that are not viable on their own merit should not be in operation.
What do you mean?? The wealthy already pay the majority of taxes in this country. It is the lowest incomes that pay no taxes. The owner class 'do not work at all and never have?' What world do you live in? The people I know who are wealthy work 80+ hour weeks. The wealthy did not come from nowhere. It came though hard work. The wealthy work harder than poorer people who expect to work a 40 hour week and somehow get rich.
Maybe if the bottom 95% worked as hard as the upper 5%, they wouldn't be in the bottom % of income.
And you are willing to pay it??
All of the costs from start to finish on each product and service???
I do not believe you could do it, and I know I could not.
All of the costs from start to finish on each product and service???
I do not believe you could do it, and I know I could not.
But driller - we can't afford the system we have. History has shown us this. Everyone (businesses, government, individuals) is going bankrupt. I might not be able to afford certain things with a flat tax rate. I will adjust. Maybe you are right - maybe oil is not an economically sustainable business without government writeoffs. In that case, it should not be in operation. That would be hard, but in the end, an unsustainable business should not be in business. If that means I have to ride my bike to work and that plastic grocery bags cease to exist, then so be it. I want a sustainable economy, not just one that makes my life easy.
But driller - we can't afford the system we have. History has shown us this. Everyone (businesses, government, individuals) is going bankrupt. I might not be able to afford certain things with a flat tax rate. I will adjust. Maybe you are right - maybe oil is not an economically sustainable business without government writeoffs. In that case, it should not be in operation. That would be hard, but in the end, an unsustainable business should not be in business. If that means I have to ride my bike to work and that plastic grocery bags cease to exist, then so be it. I want a sustainable economy, not just one that makes my life easy.
Are you sure you would HAVE a job???
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